Falconx has announced the expansion of its Prime Connect product by an integration with Copper’s Clearloop network, which improves off-Exchange settlement options for its direct market access (DMA) clients that are traded on Bybit.
This integration enables customers to exchange their assets during action, which reduces the risk of counterparties associated with funds held by the exhibition. The DMA offer from Falconx offers a uniform access point to global fairs, so that customers can maintain control of their assets without having to place collateral on the stock exchange. With the new connectivity with the network of Copper, Falconx DMA clients have access to a maximum of 5x leverage, margin and risks about locations can consolidate and almost real-time visibility can get in Off-Exchange Saldi and settlements. Adam Vandenboogaard, head of income – America at Koper, emphasized that this collaboration improves the safety and capital efficiency for institutional customers. This marks the second implementation of Prime Connect, after a recent launch with Ceffu for Binance, because Falconx wants to make a uniform settlement layer about trade shows.